Hedge Fund Research, a leading provider of indexes, data and analytics for the hedge fund industry, has launched a new family of risk-parity metrics aimed at institutional investors and managers seeking comprehensive and robust performance benchmarks for the popular market segment. Risk parity is a portfolio allocation strategy based on targeting risk levels across various components of an investment portfolio. The approach allows investors to target specific levels of risk, and to divide that risk equally across their portfolio in ... Full investment news article

Looks like Bill Ackman won’t be cashing this check anytime soon. The hedge-fund billionaire on Thursday delivered an elaborate slideshow presentation detailing his bullish bet on payroll processor Automatic Data Processing — only to see the stock tumble more than 5 percent. In a three-and-a-half-hour with analysts and investors, Ackman pitched his idea that ADP’s... Full investment news article

Robert Chapman tells CNBC's Scott Wapner he shorted ADP shares with an average cost of $119.50. : The short-seller Robert Chapman and hedge-fund billionaire Bill Ackman are facing off again over a stock. Chapman told CNBC's Scott Wapner he shorted ADP shares, a bearish bet. The founder of Chapman Capital didn't disclose the size of the trade, at an average cost of $119.50, but it sets him up opposite Bill Ackman's Pershing Square, which recently bought an 8 percent stake ... Full investment news article

A San Francisco-based hedge fund, Redmile Group, is moving from Midtown to NoMad. The 5,702-square-foot space consists of the full 11th floor at 45 W. 27th St. in the Kaufman Organization building. With $2.3 billion under management, Redmile worked with the Kaufman team to create a new gym and private shower within the space. Vincent... Full investment news article